Sandisk Corporation (SNDK) Income Statement
SNDK FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsSNDK revenue and net income
Where SNDK's revenue goes
FY2026Each bar shows an amount and its share of revenue. SNDK kept 56.5% of revenue as net income.
SNDK profit margins
SNDK growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +175.3% | +49.3% | — | — |
| Gross profit | +554.2% | +222.9% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +2,206.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SNDK quarterly EPS vs estimates
Sandisk beat the analyst EPS estimate in 7 of the last 7 quarters. Next report: October 29, 2026 (estimate $45.22).
SNDK income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $20.25B | $7.36B | $6.66B | $6.09B | $9.75B |
| Cost of revenue | $5.78B | $5.14B | $5.59B | $5.66B | $6.51B |
| Gross profit | $14.47B | $2.21B | $1.07B | $430.0M | $3.24B |
| Research & development | $1.33B | $1.13B | $1.06B | $1.17B | $1.36B |
| Sales, general & admin | $676.0M | $573.0M | $455.0M | $558.0M | $666.0M |
| Total operating expenses | $2.08B | $3.59B | $1.54B | $2.46B | $2.04B |
| Operating income | $12.39B | −$1.38B | −$468.0M | −$2.04B | $1.20B |
| Interest income | $70.0M | $22.0M | $12.0M | $21.0M | — |
| Interest expense | $73.0M | $63.0M | $40.0M | $31.0M | $9.0M |
| Income before taxes | $13.02B | −$1.48B | −$503.0M | −$2.00B | $1.23B |
| Income taxes | $1.58B | $162.0M | $169.0M | $141.0M | $170.0M |
| Net income | $11.43B | −$1.64B | −$672.0M | −$2.14B | $1.06B |
| EBITDA | $13.24B | −$1.25B | −$239.0M | −$1.52B | $1.74B |
| EPS (diluted) | $69.65 | $3.02 | −$4.67 | −$14.88 | — |
| Gross margin | 71.5% | 30.1% | 16.1% | 7.1% | 33.3% |
| Operating margin | 61.2% | −18.7% | −7.0% | −33.4% | 12.3% |
| Net margin | 56.5% | −22.3% | −10.1% | −35.2% | 10.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.96B | $5.95B | $3.02B | $2.31B | $1.90B | $1.70B | $1.88B | $1.88B | $1.88B | $1.71B | $1.67B | $1.53B |
| Cost of revenue | $1.38B | $1.29B | $1.48B | $1.62B | $1.40B | $1.31B | $1.27B | $1.16B | $1.16B | $1.24B | $1.50B | $1.72B |
| Gross profit | $7.58B | $4.66B | $1.54B | $687.0M | $498.0M | $382.0M | $606.0M | $726.0M | $726.0M | $463.0M | $161.0M | −$188.0M |
| Research & development | $348.0M | $337.0M | $327.0M | $316.0M | $285.0M | $285.0M | $279.0M | $283.0M | $283.0M | $277.0M | $246.0M | $240.0M |
| Sales, general & admin | $197.0M | $161.0M | $139.0M | $179.0M | $162.0M | $139.0M | $142.0M | $130.0M | $117.0M | $107.0M | $424.0M | — |
| Total operating expenses | $545.0M | $551.0M | $466.0M | $495.0M | $480.0M | $424.0M | $411.0M | $435.0M | $413.0M | $398.0M | $406.0M | $299.0M |
| Operating income | $7.04B | $4.11B | $1.07B | $192.0M | $18.0M | −$42.0M | $195.0M | $291.0M | $313.0M | $65.0M | −$245.0M | −$487.0M |
| Interest income | $30.0M | $12.0M | $12.0M | $16.0M | $11.0M | $6.0M | $2.0M | $3.0M | $3.0M | $3.0M | — | — |
| Interest expense | $2.0M | $18.0M | $25.0M | $40.0M | $41.0M | $16.0M | $4.0M | $2.0M | $2.0M | $9.0M | $11.0M | $8.0M |
| Income before taxes | $7.85B | $4.11B | $937.0M | $124.0M | −$18.0M | −$1.90B | $173.0M | $267.0M | $267.0M | $54.0M | −$260.0M | −$494.0M |
| Income taxes | $946.0M | $492.0M | $134.0M | $12.0M | $5.0M | $32.0M | $69.0M | $56.0M | $56.0M | $27.0M | $41.0M | $24.0M |
| Net income | $6.90B | $3.62B | $803.0M | $112.0M | −$23.0M | −$1.93B | $104.0M | $211.0M | $211.0M | $27.0M | −$301.0M | −$518.0M |
| EBITDA | $7.89B | $4.16B | $1.00B | $200.0M | $59.0M | −$1.85B | $213.0M | $323.0M | $323.0M | $119.0M | −$141.0M | −$489.0M |
| EPS (diluted) | $38.82 | $23.41 | $6.20 | $1.22 | $0.29 | −$0.30 | $1.23 | $1.80 | — | — | — | — |
| Gross margin | 84.6% | 78.4% | 50.9% | 29.8% | 26.2% | 22.5% | 32.3% | 38.6% | 38.6% | 27.2% | 9.7% | −12.3% |
| Operating margin | 78.5% | 69.1% | 35.5% | 8.3% | 0.9% | −2.5% | 10.4% | 15.5% | 16.6% | 3.8% | −14.7% | −31.8% |
| Net margin | 77.0% | 60.8% | 26.5% | 4.9% | −1.2% | −114.0% | 5.5% | 11.2% | 11.2% | 1.6% | −18.1% | −33.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SNDK's financial statements (latest annual report filed August 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SNDK financial results
In fiscal year 2026 (ended June 30, 2026), Sandisk reported revenue of $20.2 billion, up 175.3% from the year before. It had net income of $11.4 billion, a net profit margin of 56.5%. Diluted earnings per share came to $69.65.
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SNDK income statement FAQ
What is Sandisk's annual revenue?
Sandisk reported total revenue of $20.2 billion for fiscal year 2026, which ended on June 30, 2026. That was up 175.3% from $7.4 billion the previous year.
Is Sandisk profitable?
Yes. Sandisk reported net income of $11.4 billion in fiscal 2026, a net profit margin of 56.5%; its operating margin was 61.2%.
What is Sandisk's gross margin?
Sandisk's gross margin was 71.5% in fiscal 2026: for every $100 of revenue, Sandisk kept $71 after the direct cost of its products and services.
How much does Sandisk spend on research and development?
Sandisk spent $1.3 billion on research and development in fiscal 2026, 6.6% of revenue.
What are Sandisk's earnings per share?
Sandisk earned $69.65 per diluted share in fiscal 2026, compared with $3.02 a year earlier.
When will Sandisk report its next earnings?
Sandisk is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Sandisk's fiscal year end?
Sandisk's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 17, 2026.